Show Us Your Portfolio: Cem Karsan
Excess Returns
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The Fed's Restrictive Policy
The Fed has two mandates, which is price stability and maximum employment. But it does not have a mandate at all, or who gets the money, right? They're maximizing GDP, and that's what they've done for 40 years. The problem is they haven't been in charge of the distribution. That's government's problem. Disturb the distribution that measured by Ginny coefficients got way too wide. And here we go. We're heading back into a populist environment," he says.
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